JOIN USThe civil aviation industry is experiencing a “new era of expansion”, driven by increasing private participation, development of greenfield airports and FDI in domestic airlines, the Economic Survey said on Friday.
There has been strong growth in traffic at Indian airports during 2015-16, it said noting that domestic and international traffic, as well as international cargo, increased during April-November 2015, over the same period of the previous year.
It noted that the domestic traffic increased by 20.4%, and international passengers by 7.8%, during April-November 2015, over the same period of the previous year.
International cargo throughout increased by 5.8%, and domestic by 6.1%, in April-November 2015, as compared with the corresponding period of the previous year.
“The civil aviation industry in India is experiencing a new era of expansion, driven by factors such as increasing private participation under PPP, development of greenfield airports, restructuring and modernisation of airports, FDI in domestic airlines, increase in number of low-cost carriers and emphasis on regional connectivity, coupled with cutting edge information technology interventions,” the Economic Survey said.